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Monday, March 3, 2014
2014 Stock Crash - What Could it look like
Its interesting that despite all the
money printing bond yields didn't go down, they bottomed out on July 25th
2012 at 1.43 percent of the 10 year. We are now 2.85 percent. We are up
substantially. This hasn't had an impact on stocks yet. In fact it
pushed money into the stock market out of the bond market.
But if they 10 years goes to three and half to four percent and the 30 year goes to close to five percent, the mortgage rates go 6 percent, that will hit the economy very hard.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.